facebook
Traded Co logo
Submit

Meta Acquires 475-Acre Development Site In Sandston, VA For $35.3M

Property Image
SOLD
$35,300,000

Virginia

See Similar Deals
Development Site
Sold 11/28/2022
the dealplayerscompscontact
Property Image
SOLD

Meta Acquires 475-Acre Development Site In Sandston, VA For $35.3M

Sandston, Virginia, United States

See Similar Deals
Development Site
Sold 11/28/2022
Contact now

Summary

VIRGINIA
Asset Type:Development Site
Transaction Type:Sale

Meta, the company led by Mark Zuckerberg, has recently purchased a 475-acre development site in Sandston, VA. The transaction took place on November 28, 2022, and the sale price for the property was $35,300,000. The acquisition of this extensive site is part of Meta's plan to expand their Virginia Data Meta Center Campus.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $35,300,000
  • Market: Sandston, VA
  • Acreage: 475 acres

Mark Zuckerberg, acting as the representative for Meta, oversaw the purchase of this significant development site. The acquisition allows Meta to further strengthen and expand its data center infrastructure in Virginia. This strategic move aligns with Meta's ongoing efforts to enhance its technological capabilities and support its expanding user base.

Please note that these are the available details regarding the transaction. For more information, kindly refer to the provided Instagram post.

Players

Mark Zuckerberg
18 deals$222.3M volume
BUYER

Details

SOLD
IMAGE: Mark Zuckerberg DATE: 11/28/2022 MARKET: Sandston, VA ASSET TYPE: Development Site ~ ACRES: 475 BUYER: Meta - Mark Zuckerberg (@zuck) SALE PRICE: $35,300,000 NOTE: Meta Buys 475-Acre Site To Expand Virginia Data Meta Center Campus.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,882,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$125,413.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$167,340.01
Annual Debt Service$2,008,080.11